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Tesla signs 5-year lithium supply deal with Australia’s Liontown Resources: Report
Tesla signed a 5-year lithium supply deal with Liontown Resources, which is expected to commence in 2024. Liontown will supply Tesla with Lithium Spodumene Concentrate from the battery metal company’s new AU$473 million ($338M) Kathleen Valley Lithium Project in Western Australia.
“Australian-based battery materials company Liontown Resources Limited (ASX: LTR) is pleased to announce that it has entered into a legally binding sales and purchase term sheet with electric vehicle manufacturer Tesla for the supply of spodumene concentrate,” announced the Australian company.
Tesla will purchase 100,000 dry metric tonnes (DMT) of lithium in the first year of the deal and increase the order by 150,000 DMT per year in the following years. A formula based on market prices for Lithium Hydroxide Monohydrate will decide the purchase price of the lithium supply.
The Tesla-Liontown agreement is conditional, based on when the Australian company starts commercial production at the Kathleen Valley Lithium Project. Liontown aims to begin commercial production by 2025. Tesla and Liontown will complete negotiations and execute a detailed, definitive agreement by May 30, 2022. If the two parties do not finish negotiations, the lithium supply deal will be terminated.
Liontown is also a partner of LG Energy Solution. Earlier this month, the mining company congratulated LGES on its IPO. According to Reuters, Liontown has a lithium supply deal with LG Energy Solution.
Tesla also has a lithium supply deal with GFL International Co Ltd, part of China-based Ganfeng Lithium Co Ltd. According to the agreement, Tesla will receive a supply of battery-grade lithium from GFL Internationa Co Ltd for three years, starting in 2022.
Tesla lithium supply deal with Liontown Resources by Maria Merano on Scribd
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News
Tesla is ramping up its hiring for the Cybercab production team
As can be seen on Tesla’s Careers website, three new Cybercab-related positions are currently available at Giga Texas.

Tesla appears to be ramping up its Cybercab team at Giga Texas. As per recent observations by the Tesla community, three new job listings on the automaker’s Careers site suggest that the company is starting to add more critical personnel for the autonomous two-seater’s production.
New Cybercab jobs
As can be seen on Tesla’s Careers website, three new Cybercab-related positions are currently available. Tesla is looking for a Metrology Technician, who will work on the Cybercab’s Quality team; an Equipment Engineer who will work on the Cybercab’s Plastics team; and a Tool & Die Supervisor, who will work in the Injection Molding team.
All three positions are based in Austin, Texas, which is quite unsurprising as Giga Texas is the only facility today that has the capability to produce the vehicle. The Cybercab’s production is quite different compared to Tesla’s other vehicles, as it is the first car that would be produced using the company’s “Unboxed” process.
Unlike any car that’s produced before
Elon Musk has previously said the Cybercab will be Tesla’s highest-volume vehicle, targeting an annual rate of 2 million units. He also mentioned that the vehicle’s manufacturing line will not resemble an automotive production line at all. Instead, it would resemble a high-speed consumer electronics line, which should pave the way for one Cybercab to be produced every few seconds.
“If you’ve seen the design of the Cybercab line, it doesn’t look like a normal car manufacturing line. It looks like a really high-speed consumer electronics line. In fact, the line will move so fast that actually people can’t even get close to it. I think it’ll be able to produce a car ultimately in less than 5 seconds,” Musk stated during Tesla’s All-Hands meeting earlier this year.
Elon Musk
Elon Musk: Grok 5 now has a 10% chance of becoming world’s first AGI
If his prediction comes to pass, xAI could very well become yet another world-changing company from Elon Musk.

Elon Musk has shared his most optimistic forecast about Grok 5’s capabilities yet. In a recent post on X, Musk stated that he now believes that the upcoming update to xAI’s large language model has a 10% chance of achieving artificial general intelligence.
If his prediction comes to pass, xAI could very well become yet another world-changing company from Elon Musk.
Musk’s previous Grok 5 estimate
Just last month, Elon Musk estimated that xAI might have a chance at achieving artificial general intelligence with Grok 5. Musk’s comments at the time already made headlines, considering that no company in the world today has achieved AGI yet, though numerous AI startups today are actively pursuing artificial general intelligence.
In a recent post on X, Musk noted that his “estimate of the probability of Grok 5 achieving AGI is now at 10% and rising.” In another post, he also noted that “Grok 5 will be AGI or something indistinguishable from AGI.” Grok 5 is yet to be released, though Musk’s comments about the update are definitely setting expectations.
AGI will be world changing
Artificial General Intelligence (AGI) refers to an AI system that is capable of matching or surpassing human-level intelligence across tasks such as thinking, reasoning, and other domains by a notable margin, as noted in a previous report from Benzinga. With AGI achieved, industries from robotics to manufacturing would likely see a notable boost.
As per a report from the Center for International Relations and Sustainable Development (CIRSD), AGI could eventually pave the way for artificial super intelligence (ASI), which would be more intelligent than AGI and likely more intelligent than all of humanity combined.
News
Tesla Model Y L becomes China’s 4th best-selling mid-to-large SUV in its first month of sales
Tesla Model Y L was able to sell 8,221 units domestically in September.

The Tesla Model Y L has only started deliveries last month, but it is already making its presence known in China’s mid-to-large SUV segment. As per data aggregated by Tesla watchers in China, the Model Y L has quickly risen as one of the country’s best-selling large SUVs just weeks into its first deliveries.
The momentum of the Model Y L has been so notable that it ended up being China’s fourth best-selling mid-to-large SUV in September.
Tesla Model Y L September sales
As per data compiled by Yiche, the Tesla Model Y L was able to sell 8,221 units domestically in September. This places it in fourth place in China’s rankings for best-selling large SUVs, just below the Leapmotor C16, the Li Auto L6, and the Xiaomi YU7, which sold 8,312, 11,827, and 22,244 units in September, respectively.
A look at the prices of China’s top four mid-to-large SUVs would show that the Model Y L is one of the pricier vehicles among the four. The Xiaomi YU7’s inclusion in the list is also quite interesting as the all-electric crossover primarily competes with the five-seat Model Y, not the Model Y L. Needless to say, the price difference between the Model Y L and the Xiaomi YU7 is quite substantial.
Just getting started
The Tesla Model Y L only started deliveries sometime in September. Following its launch in August, the Model Y L received positive reviews from professional reviewers, with many praising the vehicle’s spacious cabin and its reasonable price. It did not take long before the Model Y L was sold out for October, and later, November as well. Considering that the Model Y L now has an estimated delivery date of December 2025 for new orders, it seems safe to assume that every unit built by Giga Shanghai this quarter will be sold to consumers.
The Model Y L has the makings of a best-seller. With a spacious second row that features two captain seats with retractable armrests, as well as a third row that could accommodate regular-sized adults, the Model Y L is a true family hauler. Combined with its starting price of $47,566 before options, the extended wheelbase all-electric crossover SUV does seem to have the makings of a best-seller.
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